Salt Creek Acquires Pacific Shoring, LLC
May 20, 2020
Woodside, CA – Salt Creek Capital is pleased to announce the acquisition of Pacific Shoring, LLC (“Pacific Shoring”), a leading manufacturer of aluminum trench shoring equipment in the United States. Founded in 2005, Pacific Shoring designs and manufacturers aluminum safety equipment for the trench shoring industry.
Robert Pitts, founder and CEO of Pacific Shoring, said “Founding and leading the growth of this company over the past decade has been the highlight of my career. I’m pleased to have worked with Salt Creek Capital and Bruce Russell on this transaction, and I am confident that I chose the right group to lead Pacific Shoring into its next phase of growth.”
Bruce Russell, incoming CEO, stated “Pacific Shoring is the clear market leader in providing high-quality aluminum trench safety products, and I look forward to working with the team towards continued success as we expand into new markets. I would like to thank Bob Pitts for entrusting us with the future success of Pacific Shoring and for his decades of service and leadership in the trench shoring industry. I’d also like to thank Salt Creek Capital who brings tremendous experience as a capital provider and advisor to lower middle market companies.”
“Bob is exceptional entrepreneur who built an outstanding business, and we’re excited to support the Company’s next phase of expansion” added Dan Mytels, Managing Director of Salt Creek Capital. “We believe that strong demand for the company’s products will continue as the U.S. increases infrastructure spending and as safety awareness and training continues to expand in the shoring industry.” Salt Creek partnered with leading lower middle-market private equity firm Huron Capital on the acquisition of Pacific Shoring, and Powers Associates served as exclusive transaction advisor.
About Pacific Shoring, LLC
Headquartered in Northern California, Pacific Shoring is the largest manufacturer of aluminum shoring equipment in the United States. Pacific Shoring designs, builds and tests aluminum shoring products for various applications and projects in the trench shoring industry. Shoring equipment is used to aid in the excavation process and to provide a critical system to protect workers and to ensure trench work is done safely. Products include shores, struts, sheeting, and shields. Please visit www.pacificshoring.com for additional information.
About Salt Creek Capital
Salt Creek Capital is a San Francisco Bay Area-based private equity firm that partners with experienced operating executives to acquire profitable companies with up to $100 million in revenue. Salt Creek Capital takes a long-term approach to investing in lower middle market businesses and seeks to create value by working closely with management teams to accelerate growth and improve operating efficiencies. For more information, please contact Tyler Romrell at tyler@saltcreekcap.com or visit www.saltcreekcap.com.
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